Quarterly report pursuant to Section 13 or 15(d)

REPORTABLE SEGMENT INFORMATION

v3.24.3
REPORTABLE SEGMENT INFORMATION
 6 Months Ended
Sep. 28, 2024
Segment Reporting [Abstract]  
REPORTABLE SEGMENT INFORMATION REPORTABLE SEGMENT INFORMATION
VF's President and Chief Executive Officer, who is considered the Company's CODM, allocates resources and assesses performance based on a global brand view that represents VF's operating segments. The operating segments have been evaluated and combined into reportable segments because they meet the similar economic characteristics and qualitative aggregation criteria set forth in the relevant accounting guidance.
The Company's reportable segments have been identified as: Outdoor, Active and Work.
Financial information for VF's reportable segments is as follows:
  Three Months Ended September Six Months Ended September
(In thousands) 2024 2023 2024 2023
Segment revenues:
Outdoor $ 1,658,672  $ 1,713,679  $ 2,448,871  $ 2,543,376 
Active 879,767  968,171  1,683,665  1,915,907 
Work 219,509  238,273  394,472  428,903 
Total segment revenues $ 2,757,948  $ 2,920,123  $ 4,527,008  $ 4,888,186 
Segment profit:
Outdoor $ 287,414  $ 296,750  $ 203,999  $ 253,089 
Active 103,659  121,189  172,759  222,324 
Work 20,408  8,515  25,736  15,346 
Total segment profit 411,481  426,454  402,494  490,759 
Corporate and other expenses (138,238) (78,098) (253,757) (175,895)
Interest expense, net (a)
(42,688) (41,111) (83,635) (76,687)
Income from continuing operations before income taxes
 $ 230,555  $ 307,245  $ 65,102  $ 238,177 
(a)Interest expense and the related interest rate swap impact for the DDTL, which totaled $16.2 million and $31.1 million for the three and six months ended September 2024, respectively, and $14.8 million and $29.3 million for the three and six months ended September 2023, respectively, were reallocated to discontinued operations due to the requirement within the DDTL's amended agreement that the DDTL be prepaid upon the receipt of the net cash proceeds from the sale of Supreme.